US-based mobile payment solution provider I Love Velvet has been granted an EMV2 certification, which means it can now authorise chip-and-PIN payments from debit, credit and smart internationally.
I Love Velvet hopes its new certification will attract new retail clients, after it recently announced deals to provide POS operations for Nespresso and Verizon Wireless.
“Our mobile point-of-sales payment system, I Love Velvet, is now fully operational in every country around the world, and is positioned to be a top tier innovator and leader in the mobility marketplace,” said Patrick Bouaziz, chief visionary officer of I Love Velvet.
I Love Velvet’s customers in the payment sector include Bank of America (merchant division), Moneris Canada, Heartland Payment Systems, Zetes Nederland and TSYS.
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The company also has clients in hospitality, telecommunications, health care, fashion and travel.
I Love Velvet said that since being established in 2010, the company have increased sales by 100%, and it expects ‘exponential’ growth in 2012.
